AIM

Oil & Gas

Opinion: The renaissance of the oil and gas sector on the Alternative Investment Market

The oversubscribed £10m placing of Anglo African Oil and Gas plc last week, an introduction to the stock market facilitated by finnCap, highlights an increasingly buoyant fundraising environment enabling companies to capitalise on the growing confidence in the oil and gas sector. The company will use the cash to acquire Petro Kouilou, with a plan to increase production six times of what the field in Congo is currently producing, demonstrating a strong start for the company.